CQG, a provider of trading, market data and technical analysis tools, will provide ErisX, a regulated derivatives exchange, with a front-end trading desktop. The collaboration between the two firms was announced today by CQG.
Last week, that ErisX announced its plans to launch a regulated derivatives exchange and clearing organisation that will facilitate the trading of digital asset futures and spot contracts on a single trading platform.
In conjunction with that announcement, it was revealed that , an Omaha-based brokerage firm, made an undisclosed investment in the company’s venture.
However, before being able to launch the exchange, ErisX needs a trading product for its clients to use – that’s where CQG comes in, as the company will provide the CQG Desktop as the front-end trading platform for customers of the exchange.
Source: LinkedIn
“In an industry in need of this level of security and transparency, we believe ErisX will open these markets to many of our institutional partners and help move this emerging market forward.”
Source: LinkedIn
The launch of the exchange
According to the website of ErisX, the company plans to launch spot contracts for digital assets on the exchange in the second quarter of 2019 and futures contracts in the second half of next year.
Already, the project has a number of backers, including DRW Venture Capital, Valor Equity Partners, Virtu Financial (VIRT), NEX Opportunities, (CBOE), CTC Group Investments, ED&F Man Capital Markets Inc. and many more.
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